Prime Meridian Holding (OTCMKTS:PMHG) Sees Large Growth in Short Interest

Prime Meridian Holding (OTCMKTS:PMHG) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 200 shares, a growth of 100.0% from the February 13th total of 100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,900 shares, the days-to-cover ratio is currently 0.0 days.

Prime Meridian Price Performance

PMHG stock opened at $29.00 on Friday. Prime Meridian has a 1-year low of $20.15 and a 1-year high of $30.99. The business has a fifty day moving average price of $28.17 and a 200-day moving average price of $27.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.95. The stock has a market capitalization of $96.40 million, a P/E ratio of 11.33 and a beta of 0.51.

Prime Meridian (OTCMKTS:PMHG) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.65 EPS for the quarter. Prime Meridian had a return on equity of 10.05% and a net margin of 16.86%.

Prime Meridian Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 7th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a dividend yield of 3.57%. This is a positive change from Prime Meridian’s previous annual dividend of $0.25. Prime Meridian’s payout ratio is presently 39.06%.

About Prime Meridian

Prime Meridian Holding Company operates as the bank holding company for Prime Meridian Bank that provides various consumer and commercial banking services to individuals and businesses. The company accepts various deposits, such as checking, money market, savings, term certificate of deposit, demand interest-bearing and noninterest-bearing, health savings, NOW, and escrow accounts, as well as retirement savings plans and time deposits.